Existing securities are sold in the:
A) primary market
B) secondary market
C) third market
D) fourth market

Question

Quizplus · Accepted Answer

Existing securities are sold in the secondary market, which consists of the buying and selling of securities after their initial issuance in the primary market. Primary market transactions involve the sale of newly issued securities to investors, while the secondary market involves the transfer of existing securities between investors. The third and fourth markets refer to specific subsets of the secondary market, with the third market involving the trading of exchange-listed securities in the over-the-counter market and the fourth market involving direct trading between investors without the use of a broker-dealer.

Existing Securities Are Sold in The